FINAL AVERAGE SALARY. . .

Your final average salary will be the monthly average of your gross salary during the period of either 36 or 60 consecutive months of credited service within the last 120 months of credited service in which your salary was the highest, depending on the option selected by your employer.

For Example:

Year                                                Earnings

2010                                                $40,560

2009                                                  39,000

2008                                                  36,000

2007                                                  34,200

2006                                                  30,240

2005                                                  28,800

2004                                                  27,760

2003                                                  27,100                                 

2002                                                  26,650

2001                                                  25,950

60 Month Final Average Salary =           $180,000      =    $3000

                                                                 60 months

36 Month Final Average Salary =          $115,560       =     $3,210

                                                                36 months 

For most members, as in this example, final average salary will be the monthly average of your earnings during the last 36 or 60 months of your LAGERS membership.

Learn more about Final Average Salary . . .